TPC is funky and up a lot from its lows, but I did buy some ... maybe I'm missing something cause there is basically no positive reaction, but in their 8-k on the refi they state this, and current estimates I see for q1 are for a loss of .17 on $875 mil in sales: from the refi 8K:
from this morning's TPC 8-k: In connection with a proposed private offering of $400 million aggregate principal amount of senior notes due 2029 (the “Offering”), Tutor Perini Corporation (the “Company”) is disclosing the following preliminary financial estimates for the fiscal quarter ended, and as of, March 31, 2024.
The Company has not yet completed preparation of financial statements for the fiscal quarter ended March 31, 2024, but based on preliminary data available to it, it is providing the following preliminary estimates:
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Revenue in the range of approximately $1.025 billion to $1.075 billion;
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Net income attributable to Tutor Perini Corporation in the range of approximately $14 million to $17 million;
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Diluted EPS in the range of approximately $0.27 per share to $0.32 per share;
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Cash flow from operations in the range of approximately $96 million to $100 million; and
Total debt of approximately $800 million, a reduction of approximately $100 million from December 31, 2023. This is expected to be further reduced by an additional amount of approximately $100 million with the anticipated redemption of $500 million aggregate principal amount of the Company’s Senior Notes due 2025 and issuance of $400 million aggregate principal amount of senior notes due 2029 in the Offering.
